ANOTHER high street name hangs in the balance as it has entered administration with more than 800 jobs at risk.

Fashion retailer Victoria's Secret, which has a store in Metrocentre and 24 others across the UK, appointed administrators from Deloitte.

The UK arm of the retailer said it had been impacted by the coronavirus lockdown period following the closure of all non-essential retail in March.

The insolvency firm said it will conduct a "light touch" administration at the retailer - which has 785 employees on furlough - as it seeks to find a potential buyer.

Rob Harding, joint administrator at Deloitte, said: "This is yet another blow to the UK high street and a further example of the impact the Covid-19 pandemic is having on the entire retail industry.

"The effect of the lockdowns, combined with broader challenges facing bricks and mortar retailers, has resulted in a funding requirement for this business, resulting in today's administration.

"We will now work with the existing management team and broader stakeholders to assess all options available for the future of the business.

"As administrators we'd like to thank them and all of the employees for their support, at what we appreciate is a difficult time."